The World Bank’s Board of Executive Directors has approved two operations from the International Development Association (IDA*) to help Tanzania strengthen its capacity to manage public expenditures, its business environment, and the financial sustainability of the power sector.
Both operations aim to accelerate inclusive economic growth and pave the way for shared prosperity and reduced poverty.
The IDA credit of US$85 million for the Eleventh Poverty Reduction Support Credit (PRSC 11) which was approved today is designed to further strengthen the management of public finance and improve investment climate in select strategic areas.
This is the final operation in a series of three annual programmatic development policy operations (DPOs) in support of Tanzania’s implementation of its poverty reduction strategy, MKUKUTA II, complemented by the First Five Year Development Plan (FYDP I).
“The operation will help to create a better business climate to stimulate private investment and help mobilize larger domestic revenue,” said Emmanuel Mungunasi, the World Bank Task Team Leader for the operation. “Benefits from growth will be shared more broadly across the country by creating a sound public expenditure policy through which revenues will be distributed.”
Toa Maoni Yako:
0 comments so far,add yours
Hii ni Blog ya Watanzania popote walipo duniani kwa ajili ya kuhabarisha, kutoa/kupokea taarifa na kuelimisha mambo yote yaliyo chanya kwa Taifa letu. Tafadhali sana unapotoa maoni usichafue hali ya hewa wala usijeruhi hisia za mtu/watu. Kuwa mstaarabu...